LA Times: Ron Paul’s ideas no longer fringe
The ideas of Austrian Economics continue to spread! Forward the rEVOLution!
Here is an expert from the article, Ron Paul’s ideas no longer fringe, posted in the LA Times on January 1st, 2009:
For three decades, Texas congressman and former presidential candidate Ron Paul’s extreme brand of libertarian economics consigned him to the far fringes even among conservatives. Not a few times, his views put him on the losing end of 434-1 votes on Capitol Hill.
No longer. With the economy still struggling and political divisions deepening, Paul’s ideas are not only gaining a wider audience but also are helping to shape a potentially historic battle over economic policy — a struggle that will affect everything including jobs, growth and the nation’s place in the global economy.
Already, Paul’s long-derided proposal to give Congress supervisory power over the traditionally independent Federal Reserve appears to be on its way to becoming law. His warnings on deficits and inflation are now Republican mantras.
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